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105 hedge funds and large institutions have $1.28B invested in Shutterstock in 2013 Q3 according to their latest regulatory filings, with 33 funds opening new positions, 44 increasing their positions, 20 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

230% more first-time investments, than exits

New positions opened: 33 | Existing positions closed: 10

120% more repeat investments, than reductions

Existing positions increased: 44 | Existing positions reduced: 20

86% more capital invested

Capital invested by funds: $689M → $1.28B (+$596M)

28% more funds holding

Funds holding: 82105 (+23)

14.1% more ownership

Funds ownership: 36.82%50.92% (+14%)

50% less funds holding in top 10

Funds holding in top 10: 21 (-1)

Holders
105
Holders Change
+23
Holders Change %
+28.05%
% of All Funds
3.4%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.03%
New
33
Increased
44
Reduced
20
Closed
10
Calls
$1.3M
Puts
Net Calls
+$1.3M
Net Calls Change
+$1.3M
Name Holding Trade Value Shares
Change
Change in
Stake
Balyasny Asset Management
26
Balyasny Asset Management
Illinois
$9.41M +$7.39M +129,425 New
State Street
27
State Street
Massachusetts
$7.91M +$1.33M +23,225 +27%
BIT
28
BlackRock Institutional Trust
California
$7.17M +$805K +14,098 +17%
Northern Trust
29
Northern Trust
Illinois
$7.03M +$1.17M +20,561 +27%
JHIU
30
Janus Henderson Investors US
Colorado
$6.9M +$5.42M +94,881 New
Bank of New York Mellon
31
Bank of New York Mellon
New York
$6.09M +$2.62M +45,890 +121%
Artisan Partners
32
Artisan Partners
Wisconsin
$5.89M +$4.62M +81,000 New
Morgan Stanley
33
Morgan Stanley
New York
$5.7M +$2.84M +49,667 +173%
Loomis, Sayles & Company
34
Loomis, Sayles & Company
Massachusetts
$5.53M +$4.34M +76,000 New
Jennison Associates
35
Jennison Associates
New York
$5.45M +$4.28M +75,000 New
JIM
36
Jupiter Investment Management
United Kingdom
$4.88M +$3.66M +64,182 +2,194%
AQR Capital Management
37
AQR Capital Management
Connecticut
$4.73M +$3.71M +65,000 New
NFA
38
Nationwide Fund Advisors
Ohio
$4.35M +$2.78M +48,706 +440%
Prudential Financial
39
Prudential Financial
New Jersey
$4.09M +$1.43M +25,000 +80%
DCM
40
Driehaus Capital Management
Illinois
$4.01M -$95.4K -1,672 -3%
Geode Capital Management
41
Geode Capital Management
Massachusetts
$3.8M +$1.73M +30,233 +138%
RFC
42
Russell Frank Company
Washington
$3.51M +$332K +5,807 +14%
TCIM
43
TIAA CREF Investment Management
New York
$2.95M -$31.2K -546 -1%
CONA
44
Capital One National Association
New York
$2.93M -$121K -2,118 -5%
SIM
45
Spark Investment Management
New York
$2.41M +$1.62M +28,300 +578%
Goldman Sachs
46
Goldman Sachs
New York
$2.29M +$1.23M +21,469 +214%
Macquarie Group
47
Macquarie Group
Australia
$2.26M -$25K -438 -1%
American Century Companies
48
American Century Companies
Missouri
$2.07M +$1.62M +28,405 New
PAM
49
Panagora Asset Management
Massachusetts
$2.04M +$339K +5,935 +27%
PC
50
PointState Capital
New York
$1.82M +$1.43M +25,000 New

SSTK Hedge Fund Activity: Q3 2013 in Review

105 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in Shutterstock (SSTK) for Q3 2013, worth a combined $1.28B — up 86% from $689M a quarter earlier.

Buyers outnumbered sellers: 33 funds opened new SSTK positions and 10 closed out — a net gain of 23 holders — while 44 added to existing stakes and 20 trimmed.

The largest buyer was Fidelity Investments, adding an estimated $128M. The largest seller was Insight Holdings Group, cutting an estimated $91.9M.

  • 105 institutional investors held Shutterstock (SSTK) as of Q3 2013, up from 82 in Q2 2013.
  • Funds reported $1.28B of Shutterstock stock for Q3 2013, up 86% quarter-over-quarter.
  • 33 funds opened new Shutterstock positions in Q3 2013 and 10 closed out, a net change of +23 holders.
  • The largest Shutterstock buyer in Q3 2013 was Fidelity Investments, an estimated $128M added.
  • The largest Shutterstock seller in Q3 2013 was Insight Holdings Group, an estimated $91.9M sold.

Based on aggregated 13F filings for Q3 2013.